Geode Capital Management LLC Raises Holdings in First Savings Financial Group, Inc. (NASDAQ:FSFG)

Geode Capital Management LLC lifted its stake in First Savings Financial Group, Inc. (NASDAQ:FSFG) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 58,253 shares of the bank’s stock after acquiring an additional 690 shares during the period. Geode Capital Management LLC’s holdings in First Savings Financial Group were worth $1,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FSFG. Barclays PLC raised its position in First Savings Financial Group by 72.9% during the 3rd quarter. Barclays PLC now owns 3,396 shares of the bank’s stock worth $81,000 after buying an additional 1,432 shares during the last quarter. Empowered Funds LLC increased its stake in shares of First Savings Financial Group by 5.3% in the third quarter. Empowered Funds LLC now owns 32,198 shares of the bank’s stock worth $767,000 after acquiring an additional 1,608 shares during the period. Cerity Partners LLC raised its holdings in shares of First Savings Financial Group by 166.0% during the third quarter. Cerity Partners LLC now owns 68,421 shares of the bank’s stock worth $1,629,000 after purchasing an additional 42,696 shares during the last quarter. Finally, Fourthstone LLC lifted its position in First Savings Financial Group by 166.2% during the third quarter. Fourthstone LLC now owns 214,671 shares of the bank’s stock valued at $5,111,000 after purchasing an additional 134,029 shares during the period. 35.22% of the stock is currently owned by institutional investors and hedge funds.

First Savings Financial Group Price Performance

NASDAQ:FSFG opened at $25.89 on Friday. The company has a 50 day moving average price of $28.01 and a 200-day moving average price of $24.25. First Savings Financial Group, Inc. has a 1-year low of $14.55 and a 1-year high of $30.94. The firm has a market cap of $178.59 million, a price-to-earnings ratio of 13.08 and a beta of 0.75. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.16 and a quick ratio of 1.09.

First Savings Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.15 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. First Savings Financial Group’s dividend payout ratio (DPR) is currently 30.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com downgraded First Savings Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 2nd. Piper Sandler upped their target price on First Savings Financial Group from $27.50 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

About First Savings Financial Group

First Savings Financial Group, Inc operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits.